(Answered) Tory enterprises pays 238400 for equipment that will last

Accounting

Tory Enterprises pays $238,400 for equipment that will last five years and have a $43,600 salvage value. By using the equipment in its operations for five years, the company expects to earn $88,500 annually, after deducting all expenses except depreciation.

Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five year period, assuming straight line depreciation.

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